"The sovereign debt funding crisis ravaging Europe is a window into America’s future, should Congress fail to find a way to rein in the $14.3 trillion national debt this decade. The only difference is there will not be anybody to bail us out.

In Europe, troubled sovereigns like Greece (€110 billion), Ireland (€85 billion), and Portugal (€78 billion) have all received massive loans from the European Union, International Monetary Fund, and the European Central Bank. Already the first bailout to Greece has failed, and the banks are pushing for another one."